1283 Sumner Ave.
Multifamily / Mobile Home Offering in North Charleston, SC
powell.group is proud to exclusively present the offering of 1283 Sumner Ave. located in North Charleston just outside of Park Circle. All offering materials are of confidential nature, intended for use by a limited number of parties and furnished solely for the purpose of considering the acquisition of the Property described herein. You agree that you will hold and treat all Offering Downloads in the strictest confidence. No representation is made by owner or powell.group as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property. The information contained within has been obtained from sources that we deem reliable, and we have no reason to doubt its accuracy; however, no warranty or representation expressed or implied is made by powell.group or any related entity as to the accuracy or completeness of the information contained herein. Prospective purchasers are expected and encouraged to exercise independent due diligence in verifying all such information. Included herein are projections, opinions, assumptions, or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Owner and powell.group each expressly reserve the right, at their sole discretion, to reject any, or all expressions of interest or offers regarding the Property, and/or terminate discussions with any entity at any time, with, or without notice.
Table of Contents
Executive Summary
Plat
Financial Performance
Map
Gallery
Executive Summary
1283 Sumner Ave represents a high performing yet simple multifamily community. There is a combination of Duplexes and Mobile Homes under permanent roofs, all of which are separately metered for Power.
This is an excellent opportunity with strong in-place cash flow as well as a potential covered land play to reposition the asset to traditional multifamily over time.
If Up-Zoned to R-2 Multifamily, this property would support a total of 21 dwelling units.
Address :: 1283 Sumner Ave. North Charleston, SC 29406
TMS# :: 471-02-00-056
Acreage :: .73 | 31,799sf
County :: Charleston
Zoning :: R-1 Residential
Flood Zone :: X (Firmette)
Mix :: 3 Residential buildings, 5 Mobile Homes
Gas :: Separate Meters, paid by Tenants
Electric :: Separate Meters, paid by Tenants
Water/Sewer :: Master Meter, paid by Landlord
Ownership :: Seller owns all mobile homes
Waste Removal :: Provided by City
Plat
Financial Performance
Property Taxes :: $4,534.28
Water/Sewer :: $600 - $800 per Month